ABB has been involved in sustainable actions for a long time. In 1980, the International Union for Conservation of Nature (IUCN) first proposed the concept of sustainable development. In 1994, ABB launched a report on sustainable development and responsible business practices, highlighting the responsibility and commitment of enterprises to promote green and sustainable development. To achieve net zero greenhouse gas emissions across the entire value chain, ABB has developed a clear sustainable development strategy and set scientific net zero emission targets for 2030 and 2050. By 2030 and 2050, ABB aims to reduce emissions from Scope 1 and Scope 2 by 80% and 100% respectively from the 2019 baseline, and from Scope 3 by 25% and 90% respectively from the 2022 baseline.
In June 2024, ABB’s 2030 and 2050 scientific net zero emissions targets were approved by the Science Carbon Target Initiative (SBTi), and ABB’s sustainable development achievements were fully confirmed by a series of numbers: by 2023, ABB’s sold products are expected to avoid 74 million tons of greenhouse gas emissions throughout their lifecycle; In its own operation, the overall energy consumption of the company in 2023 has decreased by 21% compared to 2019, with 64% of energy consumption and 94% of electricity coming from renewable energy sources. At the same time, the amount of waste landfill has decreased to 6.3%, a 40% reduction since 2019.
Green and low-carbon products are key anchors for ABB’s commitment to sustainable development. Innovative ecological design can solve 70% of environmental pollution and resource consumption generated throughout the product lifecycle in the design process. In addition to actively exploring product structure and functional design, ABB also adheres to the concept of environmental protection and emission reduction throughout the product lifecycle management. Through technological innovations such as high proportion of recyclable materials, breakthrough miniaturized products, and environmentally friendly gas substitution, ABB continuously improves the environmental performance and user experience of its products, achieving harmonious coexistence between humans and nature.
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To accelerate the decarbonization process, ABB launches “ABB EcoSolutions” globally ™ The project aims to provide decision-making support for green development by transparently and quantitatively assessing the circular value and environmental impact of products. It is expected that by 2030, ABB EcoSolutions will ™ The product portfolio will contribute 80% of the company’s sales revenue.
Open up a new path of decarbonization under the name of the product
Having ABB EcoSolutions ™ The labeled products need to comply with a series of key performance indicators defined in the ABB cycle framework and obtain an Environmental Product Declaration (EPD) certified by a third-party. Among them, Environmental Product Declaration (EPD), also known as Type III Environmental Declaration, quantitatively demonstrates the impact on the environment through the Life Cycle Assessment (LCA) of a product or service. EPD follows the ISO 14025 standard, ensuring transparency, reliability, and comparability between different products in EPD reports. The ABB cycle framework evaluates the four stages of the product lifecycle, namely increasing recyclability in the product design and procurement phase, improving resource efficiency in the manufacturing phase, extending product life during use, and renewable, recyclable, or biodegradable materials or components in the scrap disposal phase. The recycled materials are processed into raw materials that meet performance requirements and enter the design process again, forming a complete closed loop of the product lifecycle from cradle to reproduction.